Question
(Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Newton's statement of cash flows
(Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect metho 2. Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows ar Requirement 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the in Start by completing the cash flows from operating activities. Then complete each section of the statement of ca. parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Newton Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2020 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation 28286 Decrease in accounts receivable 13619 Increase in inventory Increase in prepaid expenses Increase in accounts payable (13619) Decrease in accrued liabilities Net cash provided by (used for) operating activities 107171
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